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POSTED ON July 30, 2021  - POSTED IN Exploring Finance

This analysis focuses on gold and silver data provided by the Comex/CME Group. The Comex (or CME Group) is a global derivatives market that allows for trading in futures contracts. They allow two parties (a long and a short) to speculate or hedge in specific commodity markets and guarantee the transaction in the process. The majority of gold and silver is traded in paper form on the Comex within the futures market rather than in the physical market. See the article What is the Comex for more detail.

POSTED ON July 30, 2021  - POSTED IN Fun on Friday

Have you been watching the Olympics? I’ve always loved the Olympic Games. There’s always so much drama as the best athletes in the world compete for gold.

But did you know they are mostly competing for silver?

True story. There is very little gold in an Olympic gold medal.

POSTED ON July 30, 2021  - POSTED IN Friday Gold Wrap

The Federal Reserve held its July meeting this week. Once again, it didn’t do anything. But there was certainly plenty of talk to dissect. In this episode of the Friday Gold Wrap, host Mike Maharrey does just that with some analysis of the messaging coming out of the Fed meeting, along with a look at the newly released GDP numbers and what they might be telling us.

POSTED ON July 23, 2021  - POSTED IN Friday Gold Wrap

Pop some popcorn. It’s time for some political theater. Congress is gearing up for another debt ceiling fight. In this episode of the Friday Gold Wrap podcast, host Mike Maharey gives you a preview of the next big Washington DC blockbuster production, complete with some debt ceiling history and an explanation as to why we shouldn’t need one. Maharrey also covers retail sales, inflation and the latest movement in the gold market.

POSTED ON July 16, 2021  - POSTED IN Friday Gold Wrap

Consumer price index data came in hotter than expected. Again. The producer price index data also came in well above projections. But Fed Chair Jerome Powell continues to stick to his “inflation is transitory” story. On this episode of the Friday Gold Wrap, host Mike Maharry digs into the inflation data and highlights Powell’s comments on Capitol Hill. He concludes the story is really all they’ve got.

POSTED ON July 13, 2021  - POSTED IN Exploring Finance

Many variables can drive the price of gold and silver. These include Fed meetings/speeches, inflation data, jobs numbers, risk appetite, etc. Some people speculate that the price is suppressed and manipulated by the banks and Fed. While coordinated suppression is not impossible, there are other more probable explanations for gold and silver price action. This price action manifests with changes in Open Interest in futures contracts traded on the Comex.

POSTED ON July 9, 2021  - POSTED IN Fun on Friday

On Wednesday night, I got to watch a bunch of guys skate around an ice rink with a silver cup hoisted over their heads. My beloved Tampa Bay Lightning won their second straight Stanley Cup championship with a 1-0 win over the Montreal Canadians.

If it seems like we just did this – well – we did.

POSTED ON July 9, 2021  - POSTED IN Friday Gold Wrap

This week, the IMF undercut the Fed’s “transitory” inflation narrative, warning about the possibility of sustained inflation in the US. But the real question remains unanswered – what will the Fed do about it? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the options on the table. None of them seem particularly good. That raises another question: how long can the politicians and central bankers keep this thing going?

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